The Fractals of Finance: Richard Brennan on Complex Adaptive Markets and the Real OODA Loop

The Fractals of Finance: Richard Brennan on Complex Adaptive Markets and the Real OODA Loop

From No Way Out by Mark McGrath and Brian "Ponch" Rivera

May 27, 2026 · 1h 32m · Episode 167

About this episode

Richard Brennan discusses the unpredictability of markets and the importance of aligning with price rather than predicting it.

Send us Fan Mail Most investors lose because they are running a predictive model in a system that punishes prediction. Richard Brennan has spent decades building the alternative: align with price instead of predicting it. Richard Brennan is a trend follower, complex adaptive systems researcher, and author of The Fractals of Finance and Complex Adaptive Markets. He joins Mark McGrath and Brian "Ponch" Rivera on No Way Out for a conversation about why the market cannot be predicted, why it can ...

People in this episode

Hosts: Mark McGrath, Brian "Ponch" Rivera

Guest: Richard Brennan

Topics covered

  • finance
  • investing
  • market prediction
  • complex adaptive systems
  • trend following

Keywords

  • finance
  • investing
  • market prediction
  • complex adaptive systems
  • trend following
  • Richard Brennan

Mentioned in this episode

Books & works: The Fractals of Finance, Complex Adaptive Markets

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